Chili’s 2Q same-store sales fall on weak oil prices

Chili’s 2Q same-store sales fall on weak oil prices

Domestic same-store sales dropped 2.1 percent, with oil-rich states particularly sluggish

Chili’s domestic same-store sales fell 2.1 percent in the second quarter ended Dec. 23, parent company Brinker International Inc. said Wednesday, as weak oil prices kept the chain’s customers home in many markets.

Brinker stock fell more than 5 percent Wednesday following the announcement.

“Our topline performance is not yet where it needs to be, but our business model remains strong,” Brinker CEO Wyman Roberts said during the company’s earnings call Wednesday.

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